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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 259,069 $ 230,852
Accounts receivable, net 44,295 41,028
Prepaid expenses and other current assets 29,747 34,841
Total current assets 333,111 306,721
Property and equipment, net 68,350 76,188
Right-of-use assets 44,808  
Intangible assets, net 26,532 29,540
Goodwill 88,427 88,576
Deferred tax assets, net 13,642 12,375
Other assets 18,083 18,088
Total assets 592,953 531,488
Current liabilities:    
Accounts payable 3,888 7,212
Accrued expenses 53,278 51,385
Contributor royalties payable 24,010 22,971
Deferred revenue 137,131 139,604
Other current liabilities 10,511 2,131
Total current liabilities 228,818 223,303
Deferred tax liability, net 0 77
Lease liabilities 47,007  
Other non-current liabilities 13,207 21,441
Total liabilities 289,032 244,821
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 37,816 and 37,618 shares issued and 35,258 and 35,060 shares outstanding as of June 30, 2019 and December 31, 2018, respectively 379 376
Treasury stock, at cost; 2,558 shares as of June 30, 2019 and December 31, 2018 (100,027) (100,027)
Additional paid-in capital 299,122 291,710
Accumulated comprehensive loss (7,453) (6,471)
Retained earnings 111,900 101,079
Total stockholders’ equity 303,921 286,667
Total liabilities and stockholders’ equity $ 592,953 $ 531,488